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end retailers. william loauder is going to joi us. and china bull. the top performing chinese stock fund manager givens you his top picks for a rebound. but first, let's get straight to the traders, stocks losing steam into the close. the dow and the s&p posting their worst day of the year, as the italian election weighs on confidence. tim, what did you make of the trading action today? big selloff going into the close. >> it's the macro, mandy, and welcome. we got a fresh whiff of the garlic from the garlic belt. be careful of a miracle that seemed too good to be true. this is europe. it's not fixed. it is not necessarily better. the divided parliament in italy, not a big deal. this is not greece. but when you look at the entirety of what people had priced into europe, when you look at how oversold treasuries were, how gold was, how overbought the s&p was, look at the move that the yen has had, we haven't seen these types of moves all year and in many cases, we haven't seen these in months, so, the big macro guys are out there, they were moving stuff around and we had big volumes g
carlson. breaking news overnight, and new report says china military has stolen important data from hundred target. they beefed up the military and hacking capabilities. should we be cutting ours? >> steve: more good nice, gas prices got hiked up for the 33rd day in a row. prices continue to soar, washington continues to stay silent. when can we expect in relief i ask. eric bombing. >> eric: if s your gun stored in a safe place? the new law that let's cops search legal gun owners who haven't broken any laws. fox and friends starts right now. >> gretchen: brian is extending his holiday weekend for another day. we have eric bombing sitting here. >> steve: can you believe it. a former oil trader on the couch and first, let's start with fox news alert. >> gretchen: major cyber security, a series of hacking attacks against the united states. heather joins us live with more. >> reporter: good morning to you. these are the startling findings in a new report that has just been released. the 74-page report says 141 major hacking attempts have been traced back to a secret group that is linked
on bringing top investors with us. we brought china investment corporation to invest in several transactions. last year 1.5 billion came from investors. so our approach is invest a little bit of money, but have investors since the walls come and invest in russia so it's all about increasing the partnership of foreign investors and of private investors in the foreign economy. >> we had the ipo going on at the moment, as well. you are a stakeholder in that, as well. can you tell us what the intentions are regarding that ipo? >> well, we're big deliverers in my business. we're a shareholder. we would like to increase our stake in the business and we would like to continue bringing investors with us. we already brought quite a few investors into the company. the ipo will be happening tonight. we have big delivery of the business because it's a monopoly stock exchange in russia. president putin mentioned that most of the exchange will happen with the schangz. >> and so you can't tell us exactly what you're doing until we find out tomorrow, but there is a good chance you want to increase your expo
considering fines and other trade penalties against china and any other nation guilty of cyber attacks. jim angle is live there. where are we on all of this, jim? >> reporter: we know the u.s. does intend to respond after learning that hundreds of cyber attacks on the u.s. government and some 140 u.s. companies are coming from a chinese military unit apparently dedicated to such activities. now the question is, what do we do about it? we can't do much of course to punish the chinese military but officials are saying privately they will take some sort of action such as fines or trade penalties which the white house hinted at yesterday. >> initiatives to announce today. this is an issue that had the attention of the president and senior levels of the national security team. it's something that we are working on constantly, and we will of course take necessary measures to enhance our cyber security. >> reporter: but aside from enhancing our own cyber security, what can the u.s. do? though we can't punish the chinese army unit we can punish chinese companies many of which are partly honed by th
, no sugar-coating here. yum brands warning that that chicken scare in china will negatively impact its 2013 earnings. investors selling the restaurant operator afterhours. the company did beat on the bottom and tom line top lines current quarter. but the outlook for china, all that negative publicity there surrounding yum's chicken supply. the current negative sales trend in its china kfc business will adversely impact 2013 eps. melissa, back to you. >> josh, thank you. does seem that the china impact is lasting to 2013. this is more than just a china story. this is a p.r. problem for yum in china. >> it is, though i really hope they can get past it. such a great company. it's a little too rich for me, but i think -- i actually think they will be able to get past it, i do. >> could be a buying opportunity. b.k., you are an expert in the meat space -- >> i have carved out quite a career. i looked at yum at a proxy for china, in the growth was picking up or slowing don't. i don't think you can do that anymore. this is a p.r. problem. they will get past it, but for now, you can't trade it as
that is a major game changer. the third major trend is china, the china story is getting bigger and bigger and bigger. not only that, the money is coming out of china rather than investing in u.s. treasury, it's chasing for the acquisitions of sf and equity stakes and various companies to earn higher returns and also gain larger market share. now, the fourth trend, of course, is the huge asian plus china kind of trade block. it's one of the largest in the world by population size. but it's also growing much faster compared with other markets. so all these four different trends trarns late for positive earning he in the region. >> where are the map opportunities, then, if you're looking from an investment angle? where would you see the sectors you get most of this transaction? >> right. right. so you would look at the region. what's happening is the rise of the middle class. in china, of course, at the country is changing from an export dependent economy to an economy of more balance towards internal consumption, i.e., underpinned by the rising middle class. and the same story you were sayi
its nose at the united states in the world community. china russia, south korea, japan, it conducted yet another nuclear test overnight. this time that rogue regime detonating a miniature rice eddie vice just the type would you put on top of a ballistic missile. ambassador john bolton, former ambassador to the united nations and fox news contributor, good morning to you sir. i want to connect two dots quickly. you had a missile test in september, a smaller test overnight that was first perceived to be an earthquake, now we know according to south korean officials it is something very different. what are you to make of this now, mr. ambassador. >> as you say this is the third north korean nuclear test. they are proceeding in a very systematic way coupled with tests of ballistic missiles obviously to develop a nuclear warhead that their missiles can carry anywhere on earth. we've seen this program in training for 20 years, and this third test is just another piece of evidence, sadly, of the failure of america's efforts through three administrations to deal effectively with north korea
to the euro, above 134 this morning. japan's nikkei surging nearly 2%. the markets in china and hong kong are closed for a second straight day in observance of the chinese lunar new year. apple, in just about 1 hour 15 minutes, ceo tim cook takes the stage at the goldman tech conference. he will unveil a dividend increase or buyback. will he reveal anything about the product pipeline. we're on the ground in san fran. >>> the president set to deliver the state of the union address tonight. will he strike a conciliatory tone or push for more tax hikes. and why will tim cook be sitting next to the first lady. >>> europe, once again, the laggard with a decline in both volumes and sales. >>> what a quarter for michael kors. blew out earnings, posted a whopping 41% comp in north america. >>> we begin, of course, with apple. ceo tim cook set to speak at the goldman sachs conference in san francisco. this comes amid concerns about apple losing smartphone market share, a legal challenge in a stock that has fallen more than 30% from its september highs. it is the stock declines that i think puts in
of the year. and finally, we expect a deal with china mobile is going to be very important to continuing the high end iphone growth and that is expected maybe in the fourth quarter this year. we see two or three catalysts over the year that could move the stock up. >> cook mentioned margins and how he'd be willing to give up on margins. does that concern you that they're willing to give up margins in order to sell more and it sounds -- it sounds like he's getting at a lower cost phone. >> well, you know, he made a couple comments. he did suggest they need to get more people buying apple prod t products, but he also said they're all about making great products. implying their products deserve the high margins. and hey, you look at the macintosh, it gets a very high margin for a pc product. so, it's not clear they're really signaling you're going to see lower margins. the problem is, though they don't call themselves a hardware company, they are a device company and 30% operating margin long-term historically has proven difficult to collect. we are no longer looking for the gross margin t
. in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a two-week winning streak for stocks. >> a blowout quarter, users increase continued in momentum. >> the storm could be one for the record books. forecast calling for as much as 2 1/2 feet of snow in some parts of the northeast. already more than 3,700 flights have been canceled. we'll get more from the weather channel on the path of nemo. >>> mcdonald's down 1.9 in january. middle east and africa, europe saw a 1%, 2% decline. u.s. the only bright spot. comps up 9%. even some suggestion that asia, which is 40% japan, but also china, got tainted with the chicken contamination scare. >> that wouldn't surprise me
attacks on more u.s. companies to a secret unit of chinese military. coming up, china is responding to the accusation. >>> time now 6:07. the commute will be strange, we have a brand-new crash, where is it? >> northbound 880, this crash is on the off ramp of union city, right there, it is underneath the union city sign if you are looking at the map, westbound san mateo dumbarton, if you are driving on 880 you might see that crash and it's a little bit wet, let's go to the bay bridge toll plaza, nothing heavy just a couple of drops on our camera and that's all it takes. metering lease went on earlier than they usually do and we have a 10 minute drive time at the plaza. it does look good downtown, 6:08 let's go to steve. >>> well, our system is beginning to move in, another nice e-mail from a friend of mine in venetia, she said oh, my gosh it is so cold i am not getting out of bed and if you think it's cold, wait until later today. we have already had some rain and we also had a winter weather advisory and in mendocino some rain is turning to snow and the bullseye will be the santa cr
%. the trade with china is booming. i hope i'm buying low and selling high. >> how long do you think this lasts in japan? a lot of momentum going on there. >> yeah, i know. that's the problem. a lot of momentum and i'm not very good at short-term trading. why couldn't it double? why couldn't it go to 20,000 if he prints a lot of money. the yen may collapse but the stock market could go to 20,000. >> because of the valuation that we're talking about. >> he's printing money. he said unlimited. when you throw a lot of money out window, maria, somebody catches some of it. there's the wisdom tree has a whole etf, called an etf. >> yes, yes. >> dxj. >> which is neutral on the currency. >> yeah. >> that's a great way to play japan. >> they hedge out the currency. let me ask you about rates in this country because some people are worried in fact they will start to see rates creeping up. we'll see fast and furious. is that what you would expect? >> i'm short bonds. short the 30-year bond. >> when would that happen, jim, come on, this year, next year? >> i don't expect it to spike this year unless someth
with the hardware that we buy today, all the products are being made in china or thailand. there is something that can be put into that. it is hard to get out of there. stuff we are getting all over america is a problem. it is the hardware. everything comes from china. we have to stop that. guest: he is partly correct. not everything comes from china, and there are other threats. you're absolutely right, that hard were developed through these long international supply chains, is an enormous problem. we at the internet security alliance had been working on a program to develop a mechanism to better manage the hardware development process. the key here is economics. the reason why we have these long supply chains, in china, and compromises can be put into hardware throughout that supply chain, and the reason we have it is because it is so economical. you cannot compete in the market unless you're accessing these long international supply chains. we have to find a way to secure this system, understanding we may have some insecure parts to the system. we can do those sorts of things. the key is n
to shrink as it struggled to manage a food safety scare in china. remember i made that joke about cats. we'll leave that alone. also, toyota now raising its annual profit guidance banking on stronger sales in the u.s. market and a boochtd from a weaker yen. but the automaker says it will not build any new factories in three years despite product. >> why don't we take a look at markets this morning. yesterday, the markets had their worst performance in 2013. the dow was down by about 129 points. that is less than 1%. s&p was off about 1 is.1%. and the nasdaq was off by about 1.5%. this morning, we do see some green arrows indicating that at least at the open, if things continue at the pace they are at right now, you will see some gains for the stock market, a bounceback after the dow fell back below 14,000 yesterday. take a look at oil price these morning. right now, you'll see that wti crude is up by about 47 cents. that's about 0.5%. 96.64. the ten-year note, which kwled yesterday was once again yielding around 2%, at this point, the yield is back at 1 of 989%, sitting right at that cusp
plenty of international worries which seem to accelerate last week, including new found weakness in china, the sell everything now call selled prophetic. especially some who articulated said they were articulate and it felt right. right into the teeth of the ugliness the market continued to soar and it continued into the beautiful opening where the dow was 80 points higher. some 200 points, keep that in mind above where the sales calls were made last week. it was a much better chance to sell. even though it came and went, it gave you a loud, large opportunity to get higher prices on the go out. if you wanted to take some profits and cash out for the mome moment. that's something i said i can't blame anyone for doing last week. if they're as nervous as some of you said you were in the calls to the show. we got a bunch of them. sure, that's not what matters. what matters is that if you truly thought that the market was too high to begin with or you were worried about italy or sequestration or gasoline prices or weakened china, you could have sold stocks had you waited for thursday's selling
domestically with the three u.s. partners, so, 4-x opportunity there. but the per capita income china, 2,000 versus $50,000 in the u.s., so, the affordability just isn't what it is in the u.s. coupled on the fact that carrier subdies are much lower typically abroad, as well. so, we think apple needs to bring in a half price phone, a $300 wholesale phone for the international markets and if they can do it and it's an be interesting form factor, that could accelerate earnings. until then, it's going to be difficult for them. >> brian, can we say good-bye for good to the days where apple was, in fact, a growth stock and had the high rates of growth? is that completely a thing of the past, now that it's sharing its shareholder base? this doesn't sound like the apple of the days of yore, so, maybe $700, we won't see that for a long time? >> it brings a tear to my eye to say so, but i think that's correct, yeah. ultimately, you know, always the first question, or, if you go back to a marketing meeting with an investor a year or two ago, first question, apple. it's typically about, what's the p
computers in a flaw in java software. an investigation is underway. >>> china's defense ministry says a report accusing china of hacking attacks on u.s. targets is flawed. in a statement released today, china's military says the report tying the cyber attacks to a secret-chinese military unit working out of this facility in wrong. the defense ministry says merely linking the ip addresses to the facility is not technical proof. >>> 7:49. some california farmers feel line they are being stunned -- stung. >>> the serious reason a sea otter was trained how to slam- dunk. >>> welcome back. a shortage of honey bees threatening california's almond crop. reportedly more than 800,000 acres of almonds are planted all over california. the growers want to cash in the higher sale prices for almonds but they are having a tough time finding bees to pollinate the plants. diseases that reduce the population and out of stay bee croppers face tougher inspections. >>> this is 16-year-old eddie the sea otter, an expert at the slam dunk. >> he's great. >> sees so good, zookeepers say he rarely missing -- h
's the headquarters of unit 61398. >> i think it was time to let the world know, it's actually not just from china, it's the chinese government sanctioning these attacks. >> reporter: among the targets, america's very infrastructure. >> now our enemies are sabotaging our power grid, our financial institutions, our air traffic control systems. >> reporter: other targets of chinese hackers familiar brand names like coca-cola, facebook, "the new york times," on "wash post" and "wall street journal." and only today, apple. the hackers have user names like ugly gorilla and dota. according to this instructional video from mandiant. >> here we see dota logging into one of his operational e-mail accounts. he's used it for spear phishing and generating additional accounts. >> reporter: what is it? how hackers campaign access into a network by sending deceptive e-mails tricking users into clicking on a malicious link to a phony website. once the victims provide passwords, pnc.i.n. numbers, they're in. sometimes for years with no one noticing. >> when these companies are engaging in business with china, they're
with expansion at china mobile is a big story. it's very specific, looking for names and where we have seen performance has been in the names we have given up for dead maybe have enough product line coming out right now maybe they have a chance that they catch to apple or samsung but at least more come ppetitive than severa months ago. >> are you still a believe in big cap tech? >> it has not changed. it has commodity based companies, the semis and pc manufacturers. the other side are cutting edge technology stocks you buy for a wave. i think jpmorgan downgrade was very flawed. i don't see the comparison between blackberry and palm. blackberry has an installed base of almost 80 million people. palm had no installed base. blackberry has a huge corporate installed base home depot i said and have new technology. we talked about that off and on and i disagree emphatically about that comparison. >> dan, i'm not sure if you can hear these guys. stev steven weiss is making the point you can't make a comparison between blackberry and palm, the installed base is defendantiffe. why are you so skeptic
in africa because we're competing with china and china has earned money and they are investing in natural resources so we buy more weapons to put more troops but now they say we have a victory so we will move to the far east and into africa as well. it will backfire because weeca will go bankrupt these will have to stop this is not the way to win friends or influence people by dropping drone missiles. john: we have an audience to has questions but i realize i mentioned these young congressmen i've left out and paul -- rand paul is seeill as libertarian as you? gimmicky is the most libertarian in the senate. that is good. he has been exposed to the good ideas but i will not do the comparison with. >> how are you tonight? one what did you learn running for president?i >> have enough people double check and count the votes to make sure you get a fair shake. but liberty is alive and well and i love the fact young people will respond to a libertarian message and self-reliance and a responsibility and sound money and the young people were especially excited to have a different form policy to no
on fox in your area. and u.s. national security at risk. china believed to be originate from inside the building in shanghai targeting government agencies alike and here is the building. new reaction from lawmakers inside washington how they're going to stop it. >> and it is hollywood's big night, as you know, all the glamour, glitz of the oscar on full display in l.a., and dominique di-natale in l.a. and looking at you sharp in your tuxedo, dominic, or dom. >> and it's dom, you can call me dom. and join me as kathleen seta jones and michael douglas is behind me, and the red carpet a bliming with celebrities and the red carpet in just a moment, harris. why do people count on sunsweet prune juice to stay fit on the inside? it's made only from prunes, nothing else. it works, simple as that. it's a natural source of fiber and five essential vitamins. it's the smart choice for me. stay fit on the inside with sunsweet's amazing juices. is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus g
, the largest since facebook. >> 27% of revenues coming from brazil, india, and china. it will be one we will watch closely here at the nyse today. >> we're hoping for animals on the floor. >> oh, yeah. >> it would be nice, right? >> livestock is a big bulk of their revenue, so a goat or something. >> we also do have sad news today. former new york mayor ed koch passing away early this morning from congestive heart failure. he was 88 years old. koch led new york city for 12 years, known for saving the city from financial ruin. michael bloomberg saying in a statement the city has lost an icon. a cheerleader, champion, 5,000-word oh bit in the "times" today, words like pugnacious, tenacious, outspoken. david, you know his story pretty well. he really did set the stage for giuliani to change the city. >> yeah, he was the consummate new yorker. of course, living in his apartment not far from here, in greenwich village for so many years. not everybody in the community, but many would say, our mayor. when he came into the office in '78, the city was at or near its nader. i can remember it well
. >>> hacking america, a secret military unit is said to be behind a series of attacks, but our friend, china, denying the reports. and countering it was the victim of u.s. hacking. >>> and the bulls are back from a three-day weekend. can the s&p 500 post an eighth straight week of gains? we've got four days to find out. it's tuesday, february 19th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back from vacation. let's get started with the markets. as joe mentioned, the s&p winning streak has been a strong one. in the meantime, the dow is coming off a second straight weekly loss. although, really, if you looked at this last week, it was the ever so slightest of losses. u.s. equity futures are indicated higher. dow up by 21 points. s&p is up by two points above value fair and the nasdaq is up about 3. in 20 minutes, we'll turn to predictions on where the markets go from here. then in the next hour, delivering alpo. we'll talk to the manager of a $11.5 billion hedge fun
started getting gripped again by china. maybe china's not strong enough. very worried about europe. then you add those on to the fed minutes and think, wait a second, doesn't the fed know there's a gasoline -- that there's a run, a speculative run? doesn't the fed know about this? where are they? >> the irony of the fed minutes is they said they should consider changing the pace of qe, so if the economy's better, right, they'll pull back qe. or if there are questions about the efficacy of the program, in which case it doesn't matter if they're in there, because it doesn't work. so either way, it would be good in theory. >> what i thought was disheartening, for a couple of weeks we were focusing on stocks, on companies. >> m & a, right? focusing on the pickup in m & a. >> and then we see, oh, no, it's not the pickup in m & a, it's the spanish banks. aren't you worried about berlusconi? i am not going to go back into a world where all i care about is italian unemployment. just not going to go there. i worry about our unemployment, so does bernanke. >> it proves again, to the fed, the
have an announcement on the project soon. approval pending or four and a half years. china's january crude oil imports soared 7.4% from a year ago. it hit its third highest daily rate on record indicating a strong pickup for china's economy. that sent crude futures in london soaring near 1.5% to settle at a nine month high. all right, up next, it is the worst blizzard in decades, and it is swallowing the northeast whole. also, it's leaving one 5-year-old in florida bummed out that a certain news anchor is up in arms as well. the story coming up. online gambling coming up, aces in new jersey as governor christie ready to approve legislation, but will it juice the state's economy like supporters claim? one of the lawmakers behind it will join us. can you have too much "money" or snow apparently. ♪ ♪ right here in new york. snow is falling. my flight to tampa tomorrow morning to get my whole family and nef fee's 5th birthday party to my nephew's fifth birthday party is officially canceled. look at that. a birthday boy jack could not be reached for an official statement, but a spokes
the china story looks like it could pop with momentum. an excellent indicator from the stock market but not just the growth side of it. >> if you had to pick one metal for 2013, flat numb, gold or silver? >> i'm looking at platinum. it is $5 from its all time high and gold closer to that. i think it can make that move quicker and usually out-performs gold. >>> what about you, log onto and vote. futuresn >> apple spiking at the half, any thoughts as to what is changing behind today's move. >>> later legendary investor, byron wien throwing cold water on this rally and find out how low he thinks stocks could go. come on, nowadays lots of people go by themselves. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an
the water aquarks afers and if we don't take it here, china will take it they have no pollution control there . there will be a psychological impact if you take oil tarsanings. up in canada. they are third behind venezuela and saudi arabia in the amount of reserves and equal to two-thirds of what venezuela sales on the market. it would be a psyche longical impact. >> emac bringings up a fantastic point. the way they drill for oil in places like venezuela and russia is awful. compared to our oil spims and there is it always a risk and a dange in getting these things, but don't we do it best? >> you will not have. if youment perfection go and live in a cave. this is private money willing to take the risk . how about easing restrictions on federal lands and have the fly. if pime want to put up the capitol for it great. we'll be the beneficial. >> environmentam i felt are against any plan to get oil. >> you might be getting a bit carried away. let me respond to a few things. to rich's point that it will create stability. if we could be assured that the oil coming in the refinement that oil
know, even china told them not to go ahead with another test, so i guess what more sanctions do anything? what can the u.n., the international community do? >> well, there has to be a pay back for what north korea just did with this underground nuclear test. yes, more sanctions, but the key is going to be china china really has not done as much as they should in terms of curbing food and fuel. i think they'll be up against the wall and they probably will take that step. i think as you said, chris, after these additional sanctions, what next? we can't continue to isolate north korea because they have nuclear weapons. they have a million and a half men in arms. they have missiles. they're a danger in northeast asia. so what needs to happen is a new kind of diplomacy, new kind of dialog. i think south korea, the new leadership in china and south korea in the region needs to step up with the united states and develop a credible diplomatic strategy, one that involves north korea saying to them, look, this nuclear path is going to be totally against your interests. let's find ways to
you see growth improving overseas? we know china may be coming back but they're flooding their system with the shadow banking, so their leverage increased dramatically. in europe, the growth has gone the other way. it has declined and worsened there. >> i don't view europe as emerging markets are much more interesting. china, it seems to have stabilized. it had been an area of concern. i don't think it is going to surge tremendously, i think they have it under control which is a plus. i think other parts of the emerging markets are looking pretty corrective as well. >> are you at all worried that italy could upset the view and the direction of the market, at least in the near term? >> in the near term, yes. it feels like every spring we have forgotten about italy for while, focused on the home markets or elsewhere, and string comes around and something happens to make us worried again. but my sense is, people have become concerned but seems incrementally they're moving in the right direction and there seems to be more discipline, but there also are head winds cropping up from time to
. >>brian: countries like russia and china are ramping up their pheults. we are gutting -- -- ramping up their militaries. we are gutting ours. are we putting our military are we putting our military at risk? oh! progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on facebook. if we took the nissan altima and reimagined nearly everything in it? gave it greater horsepower and class-leading 38 mpg highway... advanced headlights... and zero gravity seats? yeah, that would be cool. introducing the completely reimagined nissan altima. it's our most innovative altima ever. nissan. innovation that excites. ♪ >>brian: let me tell you what's happening in sports. lebron james making history against the lakers. ep set a heat record by scoring at least 30 points five games in a row. he's been unbelievable. lebron became the third player with at least 30 points and 60% shooting in five straight games. anyone else on that team? the heat won 107-97. they won five in a ro
china or india or brazil, then we need to be look at those areas. >> we need in the gas. i wish he would tell the epa that. rich, what about the argument that rick made, which is we're always hearing about government being the pioneer, that government is the seed capital for innovation. is that true? >> he makes half a point, you know. but the structure is all wrong. if you look -- so many of the examples that rick talked about, chiefly the internet came through military r and d. military r and d -- al gore. military r and d works because there is a sense of urgency. there is an exist tensionial threat. the actual development of the companies, when john f. kennedy said we're going to put a man on the moon by the end of the 1960, the reason that we were able to do so and leap ahead of the soviet union is because of the semiconductor companies in silicon valley. yeah, the military bought a lot of semiconductor tips during that period. but guess what? these were privately funded companies and they had p and l's they had to worry about. that's the key difference between these green technolog
. >>> they are more than 100 companies seeking chinese military and coming up, how china is responding to that accusation. >>> also this morning, olympic athlete oscar pistorius said he killed his girlfriend but not on purpose. oscar pistorius said he shot his girlfriend thinking he was a robber and they charged oscar pistorius with murder after he shot his girlfriend four times through a bathroom door. in statements read by his lawyer he describes in detail what he says happened. he felt extremely vulnerable without his legs and shot at the bathroom door. he used a cricket bat to break down the door and funeral services for reeva steenkamp are being held today. >>> it could cause him to lose his london para olympic medals and they found steroids inside his home. they say his metals could be taken away if it is discovered he was taking steroids before or during the olympic games. >>> they will reduce gun violence in the area and gun owners could get up to $300 in cash in exchange for each weapon turned in. the kind of money will depend on firearms. no personal information will take pla
and responsibility? or should perhaps be beijing? what is china doing? >> that's right. we have outsourced that to china. we have said, china provides 75% of the north korea's food, fuel oil, heating fuel. let the chinese deal with it. and the chinese have not. they maybe make a statement or two, north korea, shouldn't do this. but they have not stopped north korea. in fact we've seen this week, china is feeling so emboldened it is hacking into every computer in north america. bill: there is a statement also, as the saying this from north korea. as the saying goes a newborn puppy knows no fear of a tying. i read two things into that. either a new leader, kim jong-un or more of a statement, almost as, maybe a poetic language to say we are the newborn puppy as a nuclear power, that the world now has to address. your view? >> it could go either way. could be the newborn puppy is the new young leader of north korea. doesn't know any fear. doesn't know any bounds. it could be we, north korea, we're the tiger. we got the nukes. you guys should fear us. the problem this is heating up to a boil. i
killed in the northern city of cano. others at a health center on the outskirts of the town. china has rejected charges from japan that its warships locked on to a japanese ship and helicopter last month. the alleged incident happened in the east china sea where both countries lay claim to a group of small islands. japan has summoned the chinese ambassador to tokyo to explain himself. people living in the northeastern state of america are bracing themselves for a powerful winter storm which could bring near hurricane-force winds and two feet of snow. schools in new england are being closed and more than 1,700 flights have been cancelled. it's feared there could be widespread power outages and flooding in coastal areas. and there's been an arson attack on the offices of the israeli team. the attack comes a day after four of the club's fans were charged with racial insightful -- inciteful following chanting at a recent game. tensions have been high. no one was hurt in the fire which damaged some team memorabilia inside an office. a massive police manhunt is underway in california. they'r
back to here but talking about the animal trade, it is really a cultural thing. china's one of the main consumers of these products and what happens is like i went to cambodia, laos, thailand, all these places. these people are raised culturally to eat some of the products and maybe bear or bear bile or a tiger and because they think it makes them more of a man and more of a smaller care and maybe on special occasions and so on and is forth but with a growing population in china, a main cause of the problems and more and more of this culture that thinks that you need this, there's more of a demand so it goes back to the poor peasant, the poor farmer and person that doesn't have the ability to survive. they're hunters and gatherers still in the environments and a guy comes in town and goes, i can make you a fast buck if you get me this little animal. they go, oh, we have them everywhere. they grab them, they collect them, they hand them to the next guy. they have their money and they keep going. what they don't realize is the degradation to the environment and to the whole system of the
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